Electron Capital Partners, LLC Quant / Systematic

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
COHR	COHERENT CORP	500,145	$92,312	4.3%	$149.58	0.0%	COM	19247G107
FE	FIRSTENERGY CORP	1,472,177	$65,909	3.1%	$45.73	0.0%	COM	337932107
WMB	WILLIAMS COS INC	1,085,885	$65,273	3.0%	$60.06	0.0%	COM	969457100
FLEX	FLEX LTD	948,159	$57,288	2.7%	$61.77	0.0%	ORD	Y2573F102
CAT	CATERPILLAR INC	74,761	$42,828	2.0%	$555.50	0.0%	COM	149123101
CVNA	CARVANA CO	90,864	$38,346	1.8%	$371.73	0.0%	CL A	146869102
KEYS	KEYSIGHT TECHNOLOGIES INC	161,004	$32,714	1.5%	$185.56	0.0%	COM	49338L103
TE	T1 ENERGY INC	3,500,021	$23,380	1.1%	$4.41	0.0%	COM NEW	35834F104
FTCI	FTC SOLAR INC	89,724	$979	0.0%	$9.12	0.0%	COM NEW	30320C301
PONY	PONY AI INC	50,076	$726	0.0%	$14.50	—	SPONSORED ADS	732908108

Increased Positions (6)

JCI JOHNSON CTLS INTL PLC 6.3%

Value ($000) $136,466 (+16.0%) Shares 1,139,591 (+6.5%) Est. Cost $77.35 Unrealized +48.4%

NXT NEXTPOWER INC 2.6%

Value ($000) $55,030 (+31.3%) Shares 631,726 (+11.5%) Est. Cost $66.45 Unrealized +36.5%

ULS UL SOLUTIONS INC 3.1%

Value ($000) $67,460 (+21.1%) Shares 855,439 (+8.8%) Est. Cost $67.17 Unrealized +19.5%

PCG PG&E CORP 1.8%

Value ($000) $38,053 (+26.8%) Shares 2,367,959 (+19.0%) Est. Cost $14.29 Unrealized +11.4%

XEL XCEL ENERGY INC 6.6%

Value ($000) $143,044 (+5.5%) Shares 1,936,695 (+15.2%) Est. Cost $64.06 Unrealized +22.2%

GDS GDS HLDGS LTD 0.2%

Value ($000) $3,680 (+37.3%) Shares 105,448 (+52.2%) Est. Cost $28.61 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
JCI	JOHNSON CTLS INTL PLC	1,139,591 (+6.5%)	$136,466 (+16.0%)	6.3%	$77.35	+48.4%	SHS	G51502105
NXT	NEXTPOWER INC	631,726 (+11.5%)	$55,030 (+31.3%)	2.6%	$66.45	+36.5%	CLASS A COM	65290E101
ULS	UL SOLUTIONS INC	855,439 (+8.8%)	$67,460 (+21.1%)	3.1%	$67.17	+19.5%	CLASS A COM SHS	903731107
PCG	PG&E CORP	2,367,959 (+19.0%)	$38,053 (+26.8%)	1.8%	$14.29	+11.4%	COM	69331C108
XEL	XCEL ENERGY INC	1,936,695 (+15.2%)	$143,044 (+5.5%)	6.6%	$64.06	+22.2%	COM	98389B100
GDS	GDS HLDGS LTD	105,448 (+52.2%)	$3,680 (+37.3%)	0.2%	$28.61	—	SPONSORED ADS	36165L108

Exited Positions (7)

PPL PPL CORP 3.9%

Value ($000) $83,077 Shares 2,235,659 Est. Cost $29.48 Unrealized +21.6%

ZBRA ZEBRA TECHNOLOGIES CORPORATI 1.9%

Value ($000) $41,811 Shares 140,701 Est. Cost $271.51 Unrealized -1.5%

APD AIR PRODS & CHEMS INC 1.8%

Value ($000) $37,996 Shares 139,324 Est. Cost $290.22 Unrealized -13.3%

BWA BORGWARNER INC 1.5%

Value ($000) $31,820 Shares 723,835 Est. Cost $39.71 Unrealized +10.0%

CE CELANESE CORP DEL 1.1%

Value ($000) $23,761 Shares 564,662 Est. Cost $49.76 Unrealized -18.1%

MBLY MOBILEYE GLOBAL INC 0.8%

Value ($000) $18,050 Shares 1,278,362 Est. Cost $14.87 Unrealized -16.0%

PLUG PLUG POWER INC 0.5%

Value ($000) $10,663 Shares 4,576,398 Est. Cost $1.70 Unrealized +54.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
PPL	PPL CORP	2,235,659	$83,077	3.9%	$29.48	+21.6%	—	69351T106
ZBRA	ZEBRA TECHNOLOGIES CORPORATI	140,701	$41,811	1.9%	$271.51	-1.5%	—	989207105
APD	AIR PRODS & CHEMS INC	139,324	$37,996	1.8%	$290.22	-13.3%	—	009158106
BWA	BORGWARNER INC	723,835	$31,820	1.5%	$39.71	+10.0%	—	099724106
CE	CELANESE CORP DEL	564,662	$23,761	1.1%	$49.76	-18.1%	—	150870103
MBLY	MOBILEYE GLOBAL INC	1,278,362	$18,050	0.8%	$14.87	-16.0%	—	60741F104
PLUG	PLUG POWER INC	4,576,398	$10,663	0.5%	$1.70	+54.0%	—	72919P202

Decreased Positions (18)

GEV GE VERNOVA INC 0.5%

Value ($000) $10,365 (-91.3%) Shares 15,859 (-91.8%) Est. Cost $165.42 Unrealized +268.2%

ENVX ENOVIX CORPORATION 2.1%

Value ($000) $44,255 (-44.8%) Shares 6,054,051 (-24.7%) Est. Cost $12.57 Unrealized -23.0%

BA BOEING CO 1.8%

Value ($000) $39,403 (-47.0%) Shares 181,481 (-47.3%) Est. Cost $184.28 Unrealized +11.6%

CGNX COGNEX CORP 1.4%

Value ($000) $30,690 (-51.1%) Shares 852,984 (-38.5%) Est. Cost $30.52 Unrealized +32.5%

PWR QUANTA SVCS INC 3.5%

Value ($000) $75,820 (-23.4%) Shares 179,642 (-24.8%) Est. Cost $69.74 Unrealized +529.9%

SEDG SOLAREDGE TECHNOLOGIES INC 2.2%

Value ($000) $46,847 (-26.9%) Shares 1,623,822 (-6.3%) Est. Cost $23.45 Unrealized +48.7%

EIX EDISON INTL 1.0%

Value ($000) $20,683 (-44.1%) Shares 344,603 (-48.5%) Est. Cost $59.14 Unrealized -3.1%

UAL UNITED AIRLS HLDGS INC 2.0%

Value ($000) $43,759 (-23.0%) Shares 391,337 (-33.6%) Est. Cost $96.17 Unrealized +5.1%

ETR ENTERGY CORP NEW 6.2%

Value ($000) $133,107 (-7.2%) Shares 1,440,084 (-6.5%) Est. Cost $77.79 Unrealized +21.5%

NEE NEXTERA ENERGY INC 6.6%

Value ($000) $141,889 (-4.5%) Shares 1,767,427 (-10.2%) Est. Cost $68.73 Unrealized +20.0%

ARRY ARRAY TECHNOLOGIES INC 1.1%

Value ($000) $24,345 (-21.0%) Shares 2,640,417 (-30.2%) Est. Cost $10.83 Unrealized -20.8%

EOSE EOS ENERGY ENTERPRISES INC 3.3%

Value ($000) $70,157 (-6.6%) Shares 6,121,896 (-7.2%) Est. Cost $2.56 Unrealized +462.2%

MTZ MASTEC INC 8.1%

Value ($000) $174,831 (+0.3%) Shares 804,303 (-1.8%) Est. Cost $84.22 Unrealized +149.2%

HSAI HESAI GROUP 0.1%

Value ($000) $1,351 (-24.4%) Shares 60,319 (-5.2%) Est. Cost $14.80 Unrealized —

WRD WERIDE INC 0.1%

Value ($000) $1,155 (-16.9%) Shares 133,094 (-5.2%) Est. Cost $9.90 Unrealized —

EH EHANG HLDGS LTD 0.0%

Value ($000) $448 (-32.7%) Shares 33,977 (-5.2%) Est. Cost $17.05 Unrealized —

SHLS SHOALS TECHNOLOGIES GROUP IN 0.1%

Value ($000) $2,560 (+8.8%) Shares 301,216 (-5.2%) Est. Cost $4.91 Unrealized +83.0%

VRT VERTIV HOLDINGS CO 0.2%

Value ($000) $4,340 (+1.8%) Shares 26,789 (-5.2%) Est. Cost $42.59 Unrealized +307.6%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
GEV	GE VERNOVA INC	15,859 (-91.8%)	$10,365 (-91.3%)	0.5%	$165.42	+268.2%	COM	36828A101
ENVX	ENOVIX CORPORATION	6,054,051 (-24.7%)	$44,255 (-44.8%)	2.1%	$12.57	-23.0%	COM	293594107
BA	BOEING CO	181,481 (-47.3%)	$39,403 (-47.0%)	1.8%	$184.28	+11.6%	COM	097023105
CGNX	COGNEX CORP	852,984 (-38.5%)	$30,690 (-51.1%)	1.4%	$30.52	+32.5%	COM	192422103
PWR	QUANTA SVCS INC	179,642 (-24.8%)	$75,820 (-23.4%)	3.5%	$69.74	+529.9%	COM	74762E102
SEDG	SOLAREDGE TECHNOLOGIES INC	1,623,822 (-6.3%)	$46,847 (-26.9%)	2.2%	$23.45	+48.7%	COM	83417M104
EIX	EDISON INTL	344,603 (-48.5%)	$20,683 (-44.1%)	1.0%	$59.14	-3.1%	COM	281020107
UAL	UNITED AIRLS HLDGS INC	391,337 (-33.6%)	$43,759 (-23.0%)	2.0%	$96.17	+5.1%	COM	910047109
ETR	ENTERGY CORP NEW	1,440,084 (-6.5%)	$133,107 (-7.2%)	6.2%	$77.79	+21.5%	COM	29364G103
NEE	NEXTERA ENERGY INC	1,767,427 (-10.2%)	$141,889 (-4.5%)	6.6%	$68.73	+20.0%	COM	65339F101
ARRY	ARRAY TECHNOLOGIES INC	2,640,417 (-30.2%)	$24,345 (-21.0%)	1.1%	$10.83	-20.8%	COM SHS	04271T100
EOSE	EOS ENERGY ENTERPRISES INC	6,121,896 (-7.2%)	$70,157 (-6.6%)	3.3%	$2.56	+462.2%	COM CL A	29415C101
MTZ	MASTEC INC	804,303 (-1.8%)	$174,831 (+0.3%)	8.1%	$84.22	+149.2%	COM	576323109
HSAI	HESAI GROUP	60,319 (-5.2%)	$1,351 (-24.4%)	0.1%	$14.80	—	SPONSORED ADS	428050108
WRD	WERIDE INC	133,094 (-5.2%)	$1,155 (-16.9%)	0.1%	$9.90	—	SPONSORED ADS	950915108
EH	EHANG HLDGS LTD	33,977 (-5.2%)	$448 (-32.7%)	0.0%	$17.05	—	ADS	26853E102
SHLS	SHOALS TECHNOLOGIES GROUP IN	301,216 (-5.2%)	$2,560 (+8.8%)	0.1%	$4.91	+83.0%	CL A	82489W107
VRT	VERTIV HOLDINGS CO	26,789 (-5.2%)	$4,340 (+1.8%)	0.2%	$42.59	+307.6%	COM CL A	92537N108

Unchanged Positions (6)

CEG CONSTELLATION ENERGY CORP 9.5%

Value ($000) $204,990 Shares 580,265 Est. Cost $47.25 Unrealized +668.7%

SGML SIGMA LITHIUM CORPORATION 0.7%

Value ($000) $14,678 Shares 1,112,845 Est. Cost $26.83 Unrealized -67.9%

MMM 3M CO 6.0%

Value ($000) $128,346 Shares 801,662 Est. Cost $101.44 Unrealized +60.9%

EXC EXELON CORP 3.3%

Value ($000) $71,713 Shares 1,645,168 Est. Cost $40.63 Unrealized +11.9%

OPAL OPAL FUELS INC 0.2%

Value ($000) $4,239 Shares 1,800,000 Est. Cost $9.70 Unrealized -75.2%

SES/WS SES AI CORPORATION 0.0%

Value ($000) $41 Shares 239,752 Est. Cost $2.20 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
CEG	CONSTELLATION ENERGY CORP	580,265	$204,990	9.5%	$47.25	+668.7%	COM	21037T109
SGML	SIGMA LITHIUM CORPORATION	1,112,845	$14,678	0.7%	$26.83	-67.9%	COM	826599102
MMM	3M CO	801,662	$128,346	6.0%	$101.44	+60.9%	COM	88579Y101
EXC	EXELON CORP	1,645,168	$71,713	3.3%	$40.63	+11.9%	COM	30161N101
OPAL	OPAL FUELS INC	1,800,000	$4,239	0.2%	$9.70	-75.2%	CLASS A COM	68347P103
SES/WS	SES AI CORPORATION	239,752	$41	0.0%	$2.20	—	*W EXP 12/10/202	78397Q117